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Insuring export business as exporter / lessor

Leasing Cover

Brief description

With leasing cover a German lessor (manufacturer/exporter or leasing company) protects himself against the loss of the amounts owing from a foreign lessee under a cross-border lease.

Target group

German lessors (manufacturers/exporters or leasing companies)

Payment terms of the covered transactions

  • Short-term (up to 2 years)
  • Medium/long-term (2 years and longer)

Insurable risks

Leasing cover offers protection against payment default, particularly if

  • the lessee becomes insolvent
  • the lessee fails to make payment within either one or six months after due date depending on the type of leasing cover (protracted default)
  • adverse measures are taken by foreign governments or warlike events arise
  • local currency amounts are not converted or transferred
  • goods are confiscated due to political circumstances
  • contract performance becomes impossible due to political circumstances

Special features

Cover of so-called marketable risks (all EU and OECD core countries) under short-term leasing cover is possible for a limited period of time until the end of 2010. The delivery of the goods/services has to take place before or on 30 June 2011. Further information can be found under FAQs: Insuring supplies to EU and OECD countries.

Premium

  • Single premium calculated as a percentage of the covered contract amount (excluding interest) as well as specific processing fees
  • For a detailed calculation there is an interactive premium calculator available.

Uninsured portion

  • Standard leasing cover
    • 5 % for political risks
    • normally 15 % for commercial risks
  • Leasing cover at enhanced conditions (preconditions among others: leasing of capital goods, qualified leasing company acting between the manufacturer and the lessee, assignment typical for leasing transactions has been agreed) 5 % for all risks

Supplementary cover

If required, leasing cover can be supplemented with

  • Manufacturing risk cover
  • Confiscation risk cover
  • Contract bond cover
  • Counter-guarantee

For advice please contact

Phone: +49 (0) 40 / 88 34 - 90 00
Email: info(at)exportkreditgarantien.de

Downloads

Product Information: Leasing Cover (278 KB)

Hermes Cover Special: Leasing Cover (169 KB)

Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (German version only) (119 KB)
Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (German version only) (78 KB)

Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (enhanced conditions) (German version only) (119 KB)
Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (enhanced conditions) (German version only) (76 KB)

Letter of Undertaking as Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (enhanced conditions) (German version only) (70 KB)
Letter of Undertaking as Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (enhanced conditions) (German version only) (74 KB)

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